The Asia Pacific hot melt glue gun market is expected to grow from US$ 198.72 million in 2021 to US$ 293.20 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028.
Hot melt glue gun is a portable device that is utilized to dispense hot melt adhesives. These guns are available in various types such as corded, cordless and hybrid. These guns offer convenience over other glue dispensing equipment. They dry quickly, having long-shelf life and easily disposable. The growing demand from packaging, DHP and electronics industry which requires precision adhesive dispensing is driving the market growth. Furthermore, these glue gun find vast application in automotive, construction, furniture and other manufacturing industries that supports the hot melt glue gun market. Hot melt glue gun is widely used in packaging industry for carton closing, sealing, pallet stabilization, flexible packaging, and others. Hot melt adhesives can bind small, detailed boxes to high strength wraparound containers. It is ideal for bonding various sorts of packaging such as beverage cartons, dairy product carton closures, cooking sauce carton sealing, iron frame carton sealing, and other applications because of the wide range of formulations available. In addition, in flexible packaging the hot melt is also used for medical packaging for various purposes such as bandage wraps, tobacco and overwraps, tamper evident lidding, and others. The hot melt has a great heat resistance, coupled with formulas that can endure temperatures as low as -40 degrees Celsius and humid environment. The hot melt glue gun helps in dispensing the hot melt adhesives effectively. The majority of the packaging business requires rapid bond formation, and hot melt glue guns are ideal since they do not require drying, are long lasting, and set up quickly.
In case of COVID-19, in Asia Pacific, especially India, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of hot melt glue gun manufacturing activities. Downfall of other chemical and materials manufacturing sectors has negatively impacted the demand for hot melt glue gun during the early months of 2020. Moreover, decline in the overall adhesives & sealants manufacturing activities has led to discontinuation of hot melt glue gun manufacturing projects, thereby reducing the demand for hot melt glue gun. Similar trend was witnessed in other Asia Pacific countries, i.e., Japan, China and Australia. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
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Asia Pacific Hot Melt Glue Gun Market Segmentation
Asia Pacific Hot Melt Glue Gun Market – By Gun Type
- Corded
- Cordless
- Hybrid
Asia Pacific Hot Melt Glue Gun Market – By Application
- Packaging
- Construction
- Automotive
- Furniture
- Footwear
- Electronics
- Others
Asia Pacific Hot Melt Glue Gun Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Asia Pacific Hot Melt Glue Gun Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 198.72 Million |
| Market Size by 2028 | US$ 293.20 Million |
| CAGR (2021 - 2028) | 5.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Gun Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Regional, Country
- Industry and Competitive Landscape
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